OTP Bank Nyrt

Common Name
OTP Bank
Country
Hungary
Sector
Financial Services
Industry
Banks - Regional
Employees
40,241
Ticker
OTP
Exchange
BUDAPEST STOCK EXCHANGE
Description
OTP Bank Plc is a leading financial institution primarily operating within Hungary and across Central and Eastern Europe. As a commercial bank, it offers a comprehensive range of financial services in...

OTP Bank Energy Data Preview

In 2023, OTP Bank disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

OTP Bank also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, OTP Bank also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, OTP Bank also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate OTP Bank's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into OTP Bank's Energy Renewability

In 2023, OTP Bank consumed a total of 1.11 million Gigajoules of energy across its operations. Of this total, 21.41% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 78.59% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

OTP Bank's Energy Renewability Rate

21%

How much of OTP Bank's energy consumed is renewable?

In 2023, OTP Bank consumed a total of 1.11 million Gigajoules of energy, of which 21.41% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that OTP Bank has considerable room to improve its energy sustainability strategy.

Are OTP Bank's energy practices becoming more sustainable?

Since 2019, OTP Bank's total energy consumption increased by 48.91%, including a 1.47% increase in 2023, reflecting a sustained rise in overall energy demand.

Over the same period, the share of renewable energy in OTP Bank's consumption increased by 2,276.92%, including a 1,749.27% increase in 2023, showing consistent progress in clean energy adoption.

Overall, OTP Bank has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energy—mitigating the environmental impact of its growing consumption.

OTP Bank's Renewable vs Non-renewable Energy Over Time

1.19 M586.21 k13.79 k1.19 MGigajoules (GJ)2019202020212022202321%99%99%99%99%79%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into OTP Bank's Energy Consumption & Production Mix

In 2023, OTP Bank disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the OTP Bank's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

OTP Bank's Energy Consumed by Sources and Technologies

Electricity(Unspecified Source)(49.2%)Natural Gas(22.0%)Transport Fuel(13.3%)Heat(Unspecified Source)(10.0%)

What are the main sources and generation technologies behind OTP Bank's energy consumption?

In 2023, OTP Bank's total energy consumption was primarily sourced from

  • Electricity (Unspecified Source) (49.19%)
  • Natural Gas (22.02%)
  • Transport Fuel (13.3%)

How diverse is OTP Bank’s energy consumption mix?

In 2023, OTP Bank consumed energy from 6 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

What are the main sources or generation technologies used by OTP Bank to produce energy?

In 2023, OTP Bank's energy production came primarily from

  • Other Sources (100%)

How diverse is OTP Bank’s energy production mix?

In 2023, OTP Bank produced energy using 1 different sources or generation technologies. The energy production mix is highly concentrated, with Other Sources alone making up 100% of total output.

OTP Bank's Energy Produced by Sources and Technologies

Other Sources(100.0%)

Insights into OTP Bank's Energy Inflows & Self-Sufficiency

In 2023, OTP Bank reported total energy inflows of 230,744 Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 227,349 Gigajoules purchased from external suppliers and 3,395 Gigajoules generated through internal production. This corresponds to a production share of 1.47%, reflecting a 9,852.87% percentage point decrease from the previous year (2022) and a 9,852.87% percentage point decrease since 2019.

The declining share of internally produced energy, both over the past year and compared to earlier years, suggests growing reliance on purchased energy. This trend may reflect cost-optimization decisions, external sourcing preferences, or a deprioritization of self-generation efforts.

OTP Bank's Energy Purchased vs Produced Over Time

20192020202120222023060 k120 k180 k240 kGigajoules (GJ)99%
  • Total Energy Produced
  • Total Energy Purchased
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